1. Bitcoin experienced a significant price pullback, dropping from its all-time high of $124,457 to $117,353, primarily driven by the US Treasury's clarification on not purchasing new Bitcoin for its strategic reserves.

2. Technical indicators, including MACD and EMAS, signal a short-term bearish trend, reinforced by high selling volume and over $126 million in net outflows in the past hour.

3. Despite the short-term risks, strong institutional interest, evidenced by $522.68 million in Blackrock's Bitcoin ETF inflows, and ongoing ecosystem development suggest potential long-term support.

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Opportunitie

1. ETF Inflows: Bitcoin ETFs recorded a net inflow of $205.17 million (1,738 BTC) on August 15, with Blackrock's iShares notably receiving $522.68 million (4,428 BTC), signaling continued institutional demand.

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2. Ecosystem Growth: The Bitcoin ecosystem shows robust development with significant investments in Layer 2 solutions like Bitcoin Hyper ($9.4M funding) and mining infrastructure ($314M equipment purchase), alongside growing institutional interest in related equities$BTC